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I would like to change out the remaining knob and tube wiring in my two story four square. Some has already been modernized to some extent, mostly downstairs. Rather than run multiple circuits from the downstairs breaker box it makes sense to me to install a new sub panel upstairs and run a single large conductor to it. Reading here the multiple questions about sub panels makes me assume there isn't a problem with doing that as long as the sub panel is in an accessible location. No appliances upstairs just 4 bedrooms and a gas fired furnace to be installed in the attic soon, so I'm thinking a smallish size? Would it be better to just leave the one main panel? I would need to take all the new conductors from the first floor, down into the basement then up an existing opening to the attic.